I think you can get a nice sofa for under 2k but not sure about both a sofa and loveseat. Can your budget stretch at all and is the loveseat a requirement? The reason I ask I just bought a new sofa and recliner chair for a bit over your budget. I was brand new to furniture shopping and this being my first set of furniture I wanted something that not only fit my budget but hopefully will hold up for awhile. One thing I'd suggest is go look at some of the more expensive lines even if they are out of your budget range. I found this to be worthwhile to get a feel for the differences in furniture and how it's built/designed. Not every higher priced piece was what I would call great but it did give me an appreciation of what to look for and want in my new furniture. I looked at Hancock and Moore (very nice but a bit of my price range), Sherril (nice but nothing I really liked at the store), Henredon (just what I liked but the sofa alone was past my budget and not sure of Henredon since they been bought out), England/Laz Boy (liked some of their stuff but read too much about paying on name not quality) and some other brands. Don't be afraid to really give the furniture you're attention. Make sure to sit for more than 10 minutes on each piece you like. If it's motion furniture try it out to see if it works consistently. When sitting down on it treat it like you know you will at home, lean on the arms, push into the cushions, check for give and creaks. If you like to lay down on your sofa I suggest to try laying down on it to see how it feels. Don't be afraid to want to take the cushions off, feel underneath, lift it up. Heavy weight isn't always a sign of good furniture but a true hardwood frame with coil springs from my shopping experience seemed to weigh more than a plywood/zig zag s spring type. I have always been told when test driving a car to drive it like you would normally and try it out on backroads, highways, and urban type environments to make sure it performs up to your needs. Same goes for furniture, try it out the way you would want it to work in your home. I see you mentioned leather but the link to the furniture is not a leather but a microsuede which is not leather but usually 100% polyster. The reason I mention this is when looking for furniture in fabric upholstery I still checked out the leather pieces because a lot of times they can be done in a fabric and depending on the fabric choice might decrease the price by enough to be fit your budget. I have heard good things about Flexsteel but locally the only dealer who carried it seemed to only have one or two pieces of their Wrangler line so I can't comment much on that but another brand mentioned for you to check out I went with. After all my searching and research I decided on Smith Brothers of Berne which in the showroom had the mix of build quality/comfort and price I liked. I now want to add another reason I chose Smith Brothers was the dealer. A reason I said to check out furniture and stores that may seem outside your budget is those dealers usually (not always though) make customer service a priority. A good dealer not only wants to sell you furniture today but wants to sell again in the future and knows that requires more than a low price and fancy talk. You should feel the dealer not only knows about the furniture they are selling but actually believes in it's quality and features. The dealer I chose so far has been commendable to work with when ordering, delivery and handling of any issues/questions I have. If you want to read more about my experiences and such check the thread out another thread here at http://ths.gardenweb.com/forums/load/furniture/msg0218083127308.html?20

The thing with a sleeper is no matter what type of spring unit is used, it is not used when you are installing a sleeper mechanism. I am sure that Basset uses a plywood frame and a 5/4 hardwood frame would be better, but you will find that most manufacturers do use plywood frames.You might want to look at what type of mechanism they use, what cushions they use, do they have an option for example of a spring down cushion which would be good to use in a sleep sofa as when you sit on a sleep sofa you are essentially sitting on a folded up mattress which is a very firm surface. You might also want to look at their mattress and see if there are any options. Keep in mind that sleep sofas do not sit as well as sofas. However if you need a sleep sofa and you are happy with the fabric and the tailoring than I think Basset would be as good as most in the industry.

Oh, Squirrel...you are so sweet for doing all of this! I feel very posh, like I have an interior decorator! Thanks so much for all of your help! I haven't kept up with all of the ideas, I'm still on the suggestions from yesterday! So, I will move the furniture around according to the latest and see if it works IRL. I like the end table by the sofa but we are family planning and I know I'll need all the space I can get when the time comes for a little one! The openness of the 1st plan is really appealing to me. I did find a mirror that complements and mimics the scroll design from the iron gate piece (which is from Pier 1) for the buffet. And, I placed more flowers around to liven up the space like you did with the plants. Need to find a good source for the trees you put in. Love them! The scale isn't right for the flowers I added but was just trying to get a feel for the colors. Going to look for drapes this week. Love the idea of painting the art niche in a metallic finish. BM has one called Veil Cream which is absolutely beautiful. Kinda taupey, kinda creamy which will be a great tie in between the Harvest Brown formal area and Cream Wave family room.

I would shop somewhere else to get the right leather sofa. Don't settle for some leftover markdown. But I would attend the sale for tables, lamps, accessories, etc. Good luck.